WO2004090681A3 - System and method for betting on a participant in a group of events - Google Patents

System and method for betting on a participant in a group of events Download PDF

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Publication number
WO2004090681A3
WO2004090681A3 PCT/US2004/009798 US2004009798W WO2004090681A3 WO 2004090681 A3 WO2004090681 A3 WO 2004090681A3 US 2004009798 W US2004009798 W US 2004009798W WO 2004090681 A3 WO2004090681 A3 WO 2004090681A3
Authority
WO
WIPO (PCT)
Prior art keywords
bets
participant
events
bet
types
Prior art date
Application number
PCT/US2004/009798
Other languages
French (fr)
Other versions
WO2004090681A2 (en
Inventor
Lee M Amaitis
Joseph M Asher
Adam Burgis
Dominic Crosthwaite
Original Assignee
Cantor Index Llc
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Cantor Index Llc filed Critical Cantor Index Llc
Publication of WO2004090681A2 publication Critical patent/WO2004090681A2/en
Publication of WO2004090681A3 publication Critical patent/WO2004090681A3/en

Links

Classifications

    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F17/00—Coin-freed apparatus for hiring articles; Coin-freed facilities or services
    • G07F17/32—Coin-freed apparatus for hiring articles; Coin-freed facilities or services for games, toys, sports, or amusements
    • G07F17/3286—Type of games
    • G07F17/3288—Betting, e.g. on live events, bookmaking
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F17/00—Coin-freed apparatus for hiring articles; Coin-freed facilities or services
    • G07F17/32—Coin-freed apparatus for hiring articles; Coin-freed facilities or services for games, toys, sports, or amusements
    • G07F17/3244—Payment aspects of a gaming system, e.g. payment schemes, setting payout ratio, bonus or consolation prizes
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F17/00—Coin-freed apparatus for hiring articles; Coin-freed facilities or services
    • G07F17/32—Coin-freed apparatus for hiring articles; Coin-freed facilities or services for games, toys, sports, or amusements
    • G07F17/3244—Payment aspects of a gaming system, e.g. payment schemes, setting payout ratio, bonus or consolation prizes
    • G07F17/3258—Cumulative reward schemes, e.g. jackpots

Abstract

A method of managing bets includes receiving first types of bets and second types of bets. Each first type of bet comprises a bet that the number of units earned by a participant in a plurality of events will fall within a first range of numbers. Each second type of bet comprises a bet that the number of units earned by the participant over a course of a plurality of events will fall within a second range of numbers. The total number of units earned by the participant is determined based on the positioning of the participant in each event. The method includes determining whether the first or second type of bets are winning bets. A betting pool is determined based on the total amounts associated with the first and second types of bets. A payout is determined based on the betting pool and the total amounts of the winning bets.
PCT/US2004/009798 2003-03-31 2004-03-31 System and method for betting on a participant in a group of events WO2004090681A2 (en)

Applications Claiming Priority (4)

Application Number Priority Date Filing Date Title
US45956103P 2003-03-31 2003-03-31
US60/459,561 2003-03-31
US10/667,923 2003-09-22
US10/667,923 US8353763B2 (en) 2003-03-31 2003-09-22 System and method for betting on a participant in a group of events

Publications (2)

Publication Number Publication Date
WO2004090681A2 WO2004090681A2 (en) 2004-10-21
WO2004090681A3 true WO2004090681A3 (en) 2005-11-17

Family

ID=32995069

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2004/009798 WO2004090681A2 (en) 2003-03-31 2004-03-31 System and method for betting on a participant in a group of events

Country Status (2)

Country Link
US (5) US8353763B2 (en)
WO (1) WO2004090681A2 (en)

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